dChan - Q Origins Project Archive

https://www.theglobeandmail.com/report-on-business/giustra-teams-with-clinton-slim-on-haiti-fund/article1314402/

Vancouver mining financier Frank Giustra is teaming with former U.S. president Bill Clinton and Mexican billionaire Carlos Slim to create a $20-million (U.S.) fund that will finance small businesses in earthquake-ravaged Haiti.

The fund, which was unveiled Thursday in Port-au-Prince, will provide seed money to Haitian business ventures with the hope of improving the island country's economic fortunes.

"The fund we are announcing today recognizes the important role small and medium-sized enterprises play in helping to build a modern, self-sustainable economy that will allow Haiti to one day stand on its own two feet," Mr. Clinton said in a statement.

"We hope to empower entrepreneurs with tools to transform their aspirations, hard work and good ideas into profitable businesses that create jobs and help fuel the growth of the Haitian economy," he added.

Rather than providing direct aid, the new fund intends to provide capital to small-and medium-sized businesses. The belief is that those enterprises will create sustainable economic activity and jobs in Haiti, where unemployment is about 80 per cent.

https://www.bbc.com/news/election-us-2016-37826098

A US Government Accountability Office report discovered no hint of wrongdoing, but concluded the IHRC's decisions were "not necessarily aligned with Haitian priorities".

Mr Clinton's own office at the UN found 9% of the foreign aid cash went to the Haitian government and 0.6% to local organisations.

The bulk of it went to UN agencies, international aid groups, private contractors and donor countries' own civilian and military agencies.